Category: Property News
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Interest Rate Announcement 23 November 2023: What to Expect
The South African Reserve Bank (SARB) will announce its decision on the repo rate on Thursday, 23 November 2023. This is the final interest rate announcement for 2023 and consumers will be hoping that SARB Governor, Lesetja Kganyago, will offer some relief in the form of a rate cut. However, economists are not optimistic about...
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Residential Property Price Index Report For June 2023
According to the Residential Property Price Index report for June 2023, house prices in South Africa have increased by 2.9% between June 2022 and June 2023. And in particular, property prices in the Western Cape have increased by 4.1% year-on-year. On Thurs 9 Nov 2023, Statistics South Africa (Stats SA) released its monthly Residential Property...
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Sea Point, Cape Town Listed Among The 40 Coolest Neighbourhoods In The World
According to a ranking by timeout.com, Sea Point secured its place among other trendy neighborhoods across the globe. This accolade highlights the appeal and charm of Sea Point, located in Cape Town. Nestled between Signal Hill and the Atlantic Ocean, Sea Point is an affluent and densely populated suburb with its own unique character. The...
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MORCSA advocates for a regulated Bond Origination sector and a member fee
MORCSA the independent body established to organize and represent the bond origination industry are in talks to figure out which authority should regulate the industry and how. To fund their operations, they will charge a small fee on every registered home loan, starting from January 1, 2024. MORCSA, which stands for the Mortgage Origination Regulatory...
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Economists Predict Another Interest Rate Hike For South Africa In Nov 2023
Economists from Bank of America (BofA) are saying that in November 2023, South Africa is likely to experience another prime interest rate hike by a small amount (25 basis points). The South African Reserve Bank kept the repo rate steady at 8.25% during its September 2023 meeting, as anticipated, but emphasized that the fight against...